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The LNG Crisis

Hugo Kruger Rudolph Huber
Austria France Europe
Wildlife needs habitat. Humans need energy from fossil fuels.

LNG as a fuel has existed for many years in Europe. Still, it has always been an outlier. This is about to change. Not only has the European Union pinned LNG on its clean air targets, but even single countries also come to realize that this is truly the only operational option for clean trucking.

Russia has many new fields to drill into and develop. But those fields are even harder to develop than the original ones. Hence they are way more expensive. Technological progress helps somewhat but its no magic wand. But today, Russia cannot use Soviet-Union-style economics to make those impossible fields work. Those developments cost what they cost and the locations of the fields have not become any better since then.